Indian Startup Funding and Acquisitions: Highlights from August 18-23
During the week, 16 Indian startups raised a total of $283.33 million, including 5 growth-stage and 9 early-stage deals.
TikTok’s Website Makes a Comeback in India After Five-Year Hiatus
TikTok has made a quiet comeback in India, with its website now accessible to several users.
PokerBaazi Halts Real-Money Gaming Operations Following New Legislation Backed by Nazara
Nazara's Moonshine Technologies suspends real-money gaming operations after Online Gaming Bill cleared.
Recur Club Joins Forces with Enrission India Capital to Enhance Startup Funding Opportunities
Recur Club partners with ENRISSION to enhance capital access for impactful startups in India.
JICA Dedicates $40 Million to Aavishkaar Capital’s Worldwide Supply Chain Support Initiative
JICA announced a $40M investment into Aavishkaar Capital’s fund to support growth in Asia and Africa.
OpenAI Expands Horizons: First India Office Set to Launch in New Delhi
ChatGPT parent OpenAI is set to open its first India office in New Delhi later this year, deepening its presence.
Smartworks Reduces Ownership in Cleanmax
Smartworks has reduced its stake in Cleanmax from 24.82% to 9.08%, selling shares for Rs 99 lakh.
Major Gaming Platforms Halt Real Money Operations
The Indian government’s Online Gaming Bill has led to multiple platforms like My11Circle shutting down.
Marwari Catalysts Launches ₹4,000 Crore Impact Investment Fund
Marwari Catalysts aims to build a Rs 4,000 crore impact portfolio by 2027, focusing on social change.
Dream11 Plans to Halt Its Primary Real-Money Gaming Operations
Dream11 is winding down real money gaming operations due to the government's Online Gaming Bill 2025.
©️ All rights reserved startupsuperb